{"id":9063,"date":"2019-01-31T19:00:08","date_gmt":"2019-02-01T03:00:08","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=9063"},"modified":"2018-12-23T16:11:23","modified_gmt":"2018-12-24T00:11:23","slug":"blockchain-and-manufacturing-improved-logistics-business-processes-and-compliance","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/blockchain-and-manufacturing-improved-logistics-business-processes-and-compliance\/","title":{"rendered":"Blockchain and Manufacturing: Improved Logistics, Business Processes and Compliance"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"> Blockchain, the technology behind Bitcoin, has potential to transform processes across a range of industries.  A recent report by <a href=\"https:\/\/www.reportlinker.com\/p05581104\/Blockchain-in-Manufacturing-Market-by-Application-End-Use-And-Region-Global-Forecast-to.html\">ReportLinker <\/a>estimates that the manufacturing blockchain market will grow to $30 million by 2020 and reach $566 million by 2025.  <a href=\"https:\/\/www.sage.com\/en-us\/blog\/blockchain-revamp-manufacturing\/\">Blockchain used in manufacturing applications<\/a> potentially could simplify business processes, help modify and manage transactions, remove logistics and supply chain bottlenecks and provide greater transparency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Potential benefits of blockchain in manufacturing include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Increased operational efficiencies<\/li><li>Reduced Theft<\/li><li>Shop floor automation<\/li><li>Improved compliance with government regulations<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.syncron.com\/company\/our-team\/executive-committee\/gary-brooks\/\">Gary Brooks<\/a>, Chief Marketing Officer at Syncron, <a href=\"https:\/\/www.syncron.com\/news\/blockchain-can-transform-manufacturing-industry\/\">said that <\/a>&#8220;manufacturers&#8217; supply chains are sophisticated, complex organizations with a number of nuances that can make transparency and accountability challenging &#8212; especially when it comes to the logistics of building and shipping new equipment and service parts. This is particularly true as manufacturers shift from a transactional, break-fix model of after sale service &#8212; where a service part is replaced after it has already failed &#8212; to a subscription-based model that focuses on maximizing product uptime.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.aberdeen.com\/author\/gregcline\/\">Greg Cline<\/a>, researcher for  Aberdeen Group\u2019s Manufacturing, <a href=\"https:\/\/www.aberdeen.com\/opspro-essentials\/blockchain-manufacturing-better-automation-traceability-horizon\/\">said that <\/a>&#8220;many manufacturers are very excited about blockchain\u2019s potential ability to verify goods moving through the manufacturing supply chain. 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Google Reader)\" title=\"Google Buzz (aka. Google Reader)\" \/><\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Blockchain, the technology behind Bitcoin, has potential to transform processes across a range of industries. A recent report by ReportLinker estimates that the manufacturing blockchain market will grow to $30 million by 2020 and reach $566 million by 2025. Blockchain<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/formtek.com\/blog\/blockchain-and-manufacturing-improved-logistics-business-processes-and-compliance\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77,9,92],"tags":[],"class_list":["post-9063","post","type-post","status-publish","format-standard","hentry","category-blockchain","category-compliance","category-logistics"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/9063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=9063"}],"version-history":[{"count":1,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/9063\/revisions"}],"predecessor-version":[{"id":9064,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/9063\/revisions\/9064"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=9063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=9063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=9063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}